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"Extremists' chilling disregard for the rule of law is not only affecting Hong Kong’s reputation as an international financial and business centre, but also crippling many small businesses and threatening the livelihoods of hundreds of thousands of ordinary citizens," reads the statement.

"Establishing their own wealth management subsidiaries is one of the steps taken by banks to make a transition in terms of asset management. What is more challenging for the reform is how the customers will react to the switch of wealth management products from the expected returns model to the net asset value model, which does not guarantee the return of principal and interest," he said.

"Digitalization is the most ideal option for companies to realize rapid development, improve competitiveness and resolve current difficulties," said Wang Xin, a partner of Roland Berger in the technology, media and telecom section. "Either willingly or not, a company in transformation has to meet all kinds of challenges or opportunities."

"Every year, many birds die from collisions, so we want to generate a data set as quickly as possible to raise public attention and maybe inspire other researchers to come up with more valuable ideas," he said.

"Despite our differences in political views, all should agree that recognizing the 'one country' and cherishing the 'two systems' will be key to securing Hong Kong people's livelihood as well as the region's future," he said.